1991 Resolutions - Laserfiche WebLink

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day in each year and commencing in such year as shall be determined by the City Manager; and shall bear interest payable on such dates as shall be determined by the City Manager, such interest to be payable on a date which is not more than twelve (12) months ~from the-date of the Bonds of such-series and semiannually thereafter. The City Manager is authorized to determine in accordance wi-th and subject to ~he provisions of this resolution:-'~h~'-date or dates of the Bonds; the interest payment dates thereof; the maturity dates thereof; the amount of principal maturing on each maturity date; the place or places of payment thereof and the paying agent or paying agents therefor; the place or places or registration, exchange and transfer thereof and the registrar therefor; and whether or not the Bonds shall be subject to redemption prior to their stated maturity or maturities and if subject to such redemption, the premiums, if any, payable upon such redemption and the respective periods in which such premiums are payable. (b) In the event the Bonds of any series shall be dated as of a date other than the first day of a calendar month or the dates on which interest is payable on such series are other than the first days of calendar months, the provisions of paragraph 2 with regard to the form of such Bonds shall be modified as the City Manager shall determine to be necessary or appropriate. (c) If the Bonds are subject to redemption and if any Bonds (or any portions thereof in installments of $5,000 or any integral multiple thereof) are to be redeemed, notice of such redemption, specifying the date, numbers and maturity or maturities of the Bond or Bonds to be redeemed, the date and place or places fixed for their redemption, the premium, if any, payable upon such redemption., and if less ~than the entire principal amount of a Bond called.~for r~demption is to be redeemed, that such Bond must be surrendered in exchange for the principal amount thereof to be redeemed and the issuance of a new Bond or Bonds equalling in principal amount that portion of the principal amount of the Bond to be surrendered not to be redeemed, shall be mailed not less than thirty (30) days prior to the date fixed for redemption by first class mail, postage prepaid, to the registered owner of such Bond at his address as it appears on the books of registry kept by the registrar as of the close of business on the forty-fifth (45th) day preceding the date fixed for redemption. If any Bonds shall have been called for redemption and notice thereof shall have been given as hereinabove set forth, and payment of the principal amount of such Bonds (or of the principal amount thereof to be redeemed) and of the accrued interest and premium, if any, payable upon such redemption shall have been duly made or provided for, interest on such Bonds (or on the portion of the principal amount thereof to be redeemed) shall cease to accrue from and after the date so specified for their redemption.